covid-19 town hall: real estate• relocation buyers have an edge • renting • market reaction...

COVID-19 Town Hall:Real Estate

COVID-19 TOWN HALL:REAL ESTATE

The views, opinions, and information expressed during this webinar are those of the presenter and are not the views or opinions of Worldwide ERC®. Worldwide ERC® makes no representation or warranty with respect to the webinar or any information or materials presented therein. Users of webinar materials should not rely upon or construe the information or resource materials contained in this webinar as legal or other professional advice and should not act or fail to act based on the information in these materials without seeking the services of a competent legal or other professional.

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Today’s Presenters

Jay Hershman, Esq., SCRPPartnerBaillie & Hershman, Associated Title & Closing Co., P.C.

Patrick McManamyAttorneyMcManamy, McLeod, Heller, LLC

Debbie Holiday, CRPSenior Vice PresidentWells Fargo & Company


Today’s Presenters

Sue Carey, SCRP, SGMS-TVP, Corporate Relocation StrategiesBaird & Warner

Mike Wagner, CRPPresidentRAL Inspection Services

Kevin Rich, SCRPExecutive VP, Global BusinessNew World Van Lines

Carrie Dare, CRPVice PresidentFidelity Residential Solutions


Welcome

Karen CygalSenior VP, Product Development & Strategy

Worldwide ERC®


Today’s Agenda

Jay – Opening remarksPatrick – Real estate closingsDebbie – Mortgage industry updateSue – Real estate sales outlookMike – Home inspection updateKevin – Household goods moves update

Carrie will be available for questions regarding appraisals


Real Estate Today

• 2020 was off to a Great Start• February 2020 saw significant nationwide gains year/year• Low inventory grew prices• And then, March 2020 saw existing-home sales fall -8.5%

• Real Estate as an Essential Service • State laws govern• Sellers are Selling, Buyers are Buying

• Industry Response

• Guidance and Resources

• Duty of Care• Managing broker and owner decisions| Independent Contractors• COVID-19 addendums


Real Estate Today

• Role of the Relocation Director and Department

• Home Sales• Best practices• Marketing in a virtual world

• Home Purchase• Best practices• Home search in a virtual world• Relocation buyers have an edge

• Renting• Market reaction tbd• Timing of lease

• Global Relocations

• Solving for: signatures, recordings, property tax


Real Estate Tomorrow

• Robert Dietz, Chief Economist with NAHB“The housing sector enters this recession underbuilt rather than overbuilt…That means as the economy rebounds – which it will at

some stage – housing is set to help lead the way out.”

• Real Estate leads the way• Time to think• Pent up demand• Projected recovery

• First-time buyers

• Mindset

Resources include National Association of Realtors® (NAR), Relocation Directors Council (RDC), Keeping Current Matters (KCM), Leading RE’s Chief Economist Dr. Marci Rossell, and Copyright ©2020 “March Existing Home Sales.” NATIONAL ASSOCIATION OF REALTORS®. All rights reserved. Reprinted with permission. April 21, 2020

Thank you for attending! Visit the Worldwide ERC® web site at www.worldwideERC.org, or contact

Worldwide ERC® for more information on these topics. +1.703.842.3400

covid-19 town hall: real estate• relocation buyers have an edge • renting • market reaction...

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